OpenSpace

OpenSpace

Reality capture SaaS for construction management

Overview

OpenSpace.ai offers reality capture software for the construction industry as a software‑as‑a‑service platform that captures images from active job sites and converts them into actionable data. It helps owners, general contractors, and trades understand project progress and make informed decisions. Its strength lies in systematically collecting and processing large amounts of on‑site data that can feed tasks from preconstruction planning to automated progress tracking and facility management. The goal is to improve decision making, coordination, and project visibility across stakeholders.

About OpenSpace

Simplify's Rating
Why OpenSpace is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

VR & AR

Enterprise Software

Company Size

201-500

Company Stage

Series D

Total Funding

$200.1M

Headquarters

San Francisco, California

Founded

2017

Your Connections

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Simplify's Take

What believers are saying

  • AI Autolocation removes beacons, easing deployment across dynamic indoor jobsites.
  • OpenSpace Field cut T&H Investments inspections from hours to thirty minutes.
  • 65 billion square feet of data improves Spatial AI and location accuracy.

What critics are saying

  • Procore and Autodesk can bundle native capture, issue, and reporting workflows.
  • PlanRadar positions itself as an all-in-one system, weakening OpenSpace's point-solution appeal.
  • Field expansion into workflows already owned by incumbents risks weak adoption and churn.

What makes OpenSpace unique

  • OpenSpace combines 360° capture, AI autolocation, and verified progress analytics.
  • Its Field product adds voice-to-text notes and automatic location-tagged issue creation.
  • Disperse acquisition strengthens trusted progress tracking with human verification and scheduling integrations.

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Funding

Total Funding

$200.1M

Below

Industry Average

Funded Over

7 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$9M
OpenSpace
$50M
Hello Fresh
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

401(k) Retirement Plan

Paid Vacation

Flexible Work Hours

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-4%
PR Newswire
Feb 3rd, 2026
OpenSpace launches Field platform with AI autolocation for construction task management

OpenSpace, a visual intelligence platform for construction, has announced the general availability of OpenSpace Field, a mobile solution for creating and managing jobsite tasks and issues. The system integrates bi-directionally with Procore and Autodesk Construction Cloud. The platform features AI-powered capabilities including automatic location tagging using proprietary indoor positioning technology, voice-to-text note capture that automatically fills form fields, and an AI-powered media library with construction-specific search. Field teams can document issues in seconds using smartphones, with all items grounded in visual and spatial context. Early adopter T&H Investments reported reducing inspection time from three to four hours to 30 minutes. OpenSpace Field is included in OpenSpace Core and Enterprise offerings and is available from 3 February 2026. The company has analysed imagery across over 86,000 construction projects globally.

PR Newswire
Oct 28th, 2025
OpenSpace Acquires Construction Progress Tracking Leader Disperse

OpenSpace acquires construction Progress Tracking leader Disperse. News provided by. Acquisition strengthens OpenSpace's Visual Intelligence Platform, uniting capture, analytics, and verified progress tracking into a single, trusted system of work for construction SAN FRANCISCO and LONDON, Oct. 28, 2025 /PRNewswire/ - OpenSpace, the Visual Intelligence Platform for builders, today announced that it has acquired Disperse, a leader in construction progress tracking. The move deepens OpenSpace's leadership in Visual Intelligence and accelerates its mission to redefine how construction teams see, understand, and act on reality data, transforming it into trusted intelligence that drives faster and better decision-making. The acquisition follows a partnership the companies announced in June 2025, and reflects strong customer adoption of OpenSpace Progress Tracking, powered by Disperse. The joint solution combines jobsite imagery with computer vision and expert human verification to provide an objective, trusted, and detailed view of what's been built, and what hasn't. By uniting Disperse's technology and expert data operations team with OpenSpace's Visual Intelligence Platform, OpenSpace strengthens its Spatial AI capabilities, deepens its commitment to image-first AI workflows and insights, and expands its ability to win and serve owners, general contractors, and specialty contractors. The combination enables deeper understanding of construction projects and advances OpenSpace's strategy to help teams get work done faster and with more confidence. "Our industry is full of promises about AI that rarely deliver," said Jeevan Kalanithi, CEO and co-founder of OpenSpace. "At OpenSpace, we've built a platform that does. With Disperse now part of OpenSpace, builders get real intelligence that is fast, accurate, and proven in the field. This is what trust in construction technology looks like." OpenSpace now offers the only Visual Intelligence Platform that pairs industry-leading 360° capture with verified progress analytics - uniting documentation, analysis, and insights into one reliable ecosystem. The flexible solution is used to validate work-in-place for billing, identify schedule risks early by comparing actual progress to planned milestones, coordinate more effectively across trades, and deliver clear, visual progress summaries to all stakeholders. It integrates with commonly used project scheduling tools, including Oracle Primavera P6, Asta Powerproject, Microsoft Project, and Excel. "Disperse was built to give construction teams a trustworthy, objective picture of progress," said Olli Liukkaala, CEO of Disperse. "By joining OpenSpace, we can deliver that clarity at unprecedented speed and scale - and bring even more value to GCs, owners, and specialty contractors on projects of every size. OpenSpace is leading the way with image-based intelligence products and we're excited to join forces and grow this segment together, faster." Since partnering in June, OpenSpace and Disperse customers have seen measurable impact in billing accuracy, schedule reliability, and issues resolution speed, demonstrating the power of connecting automated image capture with verified progress intelligence. "The speed at which [OpenSpace Progress Tracking] was implemented and the speed at which we started to get real accurate data back was pretty astounding to our executive team," shared Elliot Christiansen, Sr. VP Operations, Cleveland Construction. "Because the data was accurate we could have effective two-way conversations with our field team and get answers quickly, without having to play twenty questions with them like we used to. It's so invaluable we've deployed it across our entire portfolio." The acquisition also advances OpenSpace's leadership in AI for the built world. With Disperse's progress data, OpenSpace will accelerate development of new Spatial AI models, improve automation and accuracy, and introduce new AI-powered capabilities - while driving efficiency gains across operations. Unlike black-box AI systems, OpenSpace's hybrid AI and human verification ensure builders can trust every data point which is especially critical for automation and decision-making. OpenSpace remains committed to continuity and trust. All existing Disperse customer contracts and support commitments will continue without interruption. For new customers, OpenSpace Progress Tracking is available now as an add-on to OpenSpace subscriptions. Visit www.openspace.ai/progress-tracking to learn more or request a demonstration. About OpenSpace OpenSpace is the Visual Intelligence Platform for builders, using computer vision and AI to help commercial builders reduce risk and increase efficiency. Its image-first platform streamlines coordination between field and office teams, providing real-time intelligence for faster decisions and fewer delays. Customers like Suffolk, Comfort Systems, and Tishman Speyer rely on OpenSpace to gain critical insights from their jobsites, avoid destructive investigations, and finish projects ahead of schedule. To date, general contractors and trade partners have relied on OpenSpace to analyze imagery on more than 75,000 construction projects across 124 countries, representing over 52 billion square feet. To learn more, visit www.openspace.ai and follow us on LinkedIn. About Disperse Disperse is a construction AI progress tracking solution that combines jobsite imagery with expert human verification to deliver objective, milestone-based insights on what's been built. Disperse helps project teams validate work-in-place, identify schedule risks, and communicate clear, trusted updates to all stakeholders. The company serves leading contractors and owners across the US, UK and beyond. Learn more at www.disperse.io. SOURCE OpenSpace

SalesTech Star
Oct 28th, 2025
OpenSpace Acquires Disperse for Progress Tracking

OpenSpace has acquired Disperse, enhancing its Visual Intelligence Platform by integrating construction progress tracking. This acquisition strengthens OpenSpace's capabilities in Spatial AI and image-first AI workflows, providing a comprehensive system for construction teams to track and verify progress. The move follows a partnership from June 2025 and aims to deliver fast, accurate intelligence for better decision-making in construction projects.

AEC Magazine
Sep 15th, 2025
AI brings real-time indoor positioning to smartphones

OpenSpace has introduced AI Autolocation, a new Spatial AI technology that it claims will give every smartphone a real-time indoor positioning capability without the need for specialist hardware, such as Bluetooth Beacons.

PR Newswire
Sep 9th, 2025
OpenSpace Unveils Visual Intelligence Platform: A New System of Work for Construction

OpenSpace unveils Visual Intelligence Platform: A new system of work for construction.

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